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Broad Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)

Codes of Good Practice on Black Economic Empowerment

Code Series 800 : Codes of Good Practice for Qualifying Small Enterprises (QSE’s)

2. Statement 801 : Ownership for QSE’s

2.1 The QSE ownership scorecard

 

The following table represents the indicators and method for calculating a score for ownership under this statement:

 

Category

Ownership indicator

Weighting points

Compliance Target

2.1.1

Voting rights

2.1.1.1

Exercisable Voting Rights in the Enterprise in the hands of black people

6

25% + 1 vote

2.1.2

Economic Interest

2.1.2.1

Economic interest of black people in the Enterprise

9

25%

2.1.3

Realisation points

2.1.3.1

Ownership fulfillment

1


2.1.3.2

Net Value

2


2.1.4

Bonus points

2.1.4.1

Involvement in the ownership of the Enterprise by black women

2

10%

2.1.4.2

Involvement in the ownership of the Enterprise by black Participants in Employee Ownership Schemes Co-Operatives or Broad-Based Ownership Schemes

1

10%